corporate governance

Executive Hubris: Good News for Innovation
YANG, Hongyan | TANG, Yi | LI, J. T.

Overconfidence among top managers may be “instrumental” to firm innovation, according to a pioneering new study of more than 6,000 U.S. and Chinese companies. Given the crucial role played by executives in every aspect ...

Corporate Performance: The Vital Connection Between Information and Managerial Decisions
NOVOSELOV, Kirill E. | HSU, Charles | WANG, Rencheng

The real economic effects of financial reporting can be understood by looking into the joint effect of managerial overconfidence and accounting conservatism, specifically regarding the quality of corporate decisions. For instance, ...

The Downside of Non-Compete Clauses for Firms
CHEN, Tai Yuan | ZHANG, Guochang | ZHOU, Yi

Non-compete clauses in employment contracts are widely used in countries like the US to forbid certain employees, such as CEOs and specialised technicians, from working with the competition when their contract is terminated. The a ...

Corporate Governance: Reform of Corporate Boards

We examine the impact of corporate board reforms on firm value in 41 countries. Using a difference-in-differences design, we find that board reforms increase firm value. Reforms involving board and audit committee independence, bu ...

Corporate Governance: CEO-Board Relationship and Director Valuations

We examine how venture CEOs effectively engage their boards in the strategy-making process. Using the inductive multiple-case study approach, we track CEO–board interactions inside and outside the boardroom in dept ...

Selecting the Right Team: People, Process, and Technology
THONG, James Y L | VENKATESH, Viswanath | MARUPING, Likoebe M. | ZHANG, Xiaojun

In recent years, there has been a rapid increase in the number of new technologies, tools, and platforms; for example, social networking, cloud computing, and data analytics. As such, IT projects that were developed for use in tra ...